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008260112t20252025onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0410 |aeng|beng|bfre
045 |ay0y1
0861 |aFB3-6/2025-17E-PDF
1001 |aDonohoe, Cam, |eauthor.
24510|aEstimating the costs of electronic retail payment networks : |ba cross-country meta analysis / |cCam Donohoe, Youming Liu.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025.
264 4|c©2025
300 |a1 online resource (ii, 19 pages) : |bcolour illustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = |aDocument d'analyse du personnel, |y1914-0568 ; |v2025-17
500 |aISSN assigned to different series.
500 |a"Last updated: December 17, 2025."
504 |aIncludes bibliographical references (pages 14-16).
5203 |a"As economies across the world continue to digitize, debates around the design and efficiency of national infrastructures for electronic payments have gained added relevance. Central to these debates is the question of how many electronic funds transfer (EFT) systems can viably coexist within a jurisdiction while achieving scale economies to ensure that average cost is minimized, a threshold that largely depends on the shape of the cost function. In this paper, we conduct a cross-country meta-analysis using data from 13 social cost studies across 9 jurisdictions between 2001 and 2016. We quantitatively estimate a cost function relating the total transaction volume to the per-transaction cost and interpret its parameters in terms of fixed and variable costs. We find a rapidly decreasing, convex cost curve that plateaus quickly at around one billion annual transactions. Additionally, we estimate the marginal cost of an EFT to be approximately $0.55 per transaction, expressed in 2025 Canadian dollars, and the total fixed cost to be approximately $83 million per year"--Abstract, page i.
546 |aIncludes abstracts in English and French.
650 0|aElectronic funds transfers|xCosts.
650 0|aElectronic funds transfers|xCosts|xEconometric models.
650 6|aTransferts électroniques de fonds|xCoût.
650 6|aTransferts électroniques de fonds|xCoût|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|v2025-17.|w(CaOODSP)9.806273
85640|qPDF|s1.36 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-6-2025-17-eng.pdf